Kushal Gupta: BUY Cipla, Bajaj Auto; SELL Infosys, Axis Bank and Hindalco

Kushal Gupta: BUY Cipla, Bajaj Auto; SELL Infosys, Axis Bank and Hindalco

Market expert Kushal Gupta has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets are expected to open lower today and we could witness selling pressure across the board. US markets have been trading weak over the last few sessions, especially after the Federal Reserve interest rate hike. Indian markets would largely follow the global trends.

Gupta has suggested BUY Call for pharmaceutical major Cipla at current price for target of Rs 1090 with Stop Loss at Rs 1045. The stock could show positive performance due to positive news on the counter. Gupta has suggested BUY Call for Bajaj Auto at current price for target of Rs 3850 with Stop Loss at Rs 3690.

Gupta has suggested SELL Call for Axis Bank Futures Contract at current levels for target price of Rs 765 with Stop Loss at Rs 805. Gupta has suggested SELL Call for Infosys Technologies Futures Contract at current levels for target price of Rs 1330 with Stop Loss at Rs 1386.

Gupta has suggested SELL Call for Hindalco Futures Contract at current price for target of Rs 400 with Stop Loss at Rs 420.

All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.

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